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arabia? >> well, the obvious is 9/11 for america. 15 of the 19 hijackers are saudis. i tried to explain in my book how it was basically a saudi quarrel fought out on american soil with american victims. al qaeda, bin laden dedicated to bringing down the house of saad couldn't do it in saudi arabia with the near enemy as they called him so they came to america and attacked the far enemy. you paid the price for your years of friendship and closeness with saudi arabia. tavis: i was about to ask why did we end up being at the top of that list. you explain it now. you talk about it in the book, the price that we had to pay for our friendship with the saudis. >> well, it's america who exploited, discovered and developed saudi oil. back in the 1930's, the saudis chose america rather than the british, rather than us because we had been meddling in the middle east. the king of saudi arabia at the time liked the idea that america were far away. they would come and develop the oil and go away. america is on the other side of the world. after the war, the second world war, suddenly, saudi arabia di
known black people in america to come to such a place of determination about how to face the conditions under which they were living. segregation. no right to vote. bad employment. lower or second class schooling. all of the above. and in dr. king's voice, i not only heard the passion but i also heard some clarity that the mission would not be short-term. that he was going for the long haul and not since the days of dr. dubois that i heard anybody speak with such affirmation and conviction. about our plight. tavis: what did you make of him on a personal level? obviously you have shared with us that you were taken by his presentation and by his commitment to the cause but what did you make of him on your first meeting on a personal level? >> first of all, i knew that he was 26 and i'm looking into the face of this 26-year-old, it was very difficult for me to fathom that he understood and knew so much. his maturity was well beyond his years and his academic information was well beyond the amount of schooling that he had had although he was already the possessor of a ph.d. he had done not
. it's tempting to look back on these moments and assume that our progress was inevitable, that america was always destined to succeed. but when the union was turned back at bull run and the allies first landed at omaha beach, victory was very much in doubt. when the market crashed on black tuesday and civil rights marchers were beaten on bloody sunday, the future was anything but certain. these were the times that tested the courage of our convictions and the strength of our union. and despite all our divisions and disagreements, our hesitations and our fears, america prevailed because we chose to move forward as one nation. as one people. again we are tested. and again we must answer history's call. one year ago i took office amid two wars, an economy rocked by a severe recession, a financial system on the verge of collapse, and a government deeply in debt. experts from across the political spectrum warned that if we did not act, we might face a second depression. so we acted. immediately and aggressively. and one year later, the worst of the storm has passed. but the devastation rema
are against, but what you are for. the brilliance of your contract with america back in 1994 is that you had the presence of mind to lay out for the american people, whether they agreed or disagreed, you laid out an agenda of 10 things that you and your party would do if america gave you the chance to run the house. you were for something, as opposed to simply being against something. where is that in the part of your party right now? >> id is not covered as much because of the nature of the news media and because republicans do not push it hard enough. john boehner's plan was pretty good, they had a pretty good health plan that was modest within the congressional budget office, but to get anything covered like that, you have got to be maniacal in talking about it until all of your friends think that you are crazy and the average person is just beginning to hear you. republicans do not quite have the discipline and focus to say on these topics the way that they should. another point on which i agree with you entirely, i have an article coming out next month where i outline a new approach to
. >> a warm welcome, "bbc world news" broadcast on pbs in america and around the globe. lessons from the meltdown, the world economic forum opens, calling for a rethink of capitalism. and healing the wounds, the children of haiti, air lifted to new york. >>> hello. could the afghans president's plans to offer talks and money to the taliban not undermine the freedoms won by the afghan people? tommy karzai has been defending himself against accusations ahead of thursday's london conference on afghanistan. britain's prime minister gordon brown answered questions from afghan and british students and defended his deployment of british troops. our world affairs correspondent was there. >> president karzai arrives in london knowing that he has repair work to do on his reputation and that of his government. last year's afghan elections were widely seen as flawed by widespread corruption. at the same time, more western troops than ever were killed or injured in the war against the taliban. was it worth the price, one student asked? >>. is it shoulders have been fighting in afghanistan at nine
a trend here that's very, very concerning. >> out on the tundra, this lonely outpost at barrow is america's northernmost climate laboratory. a snowy owl appears, a regular of this distant landscape. here the instruments have been measuring the arctic's changes. the rise in the greenhouse gas, carbon dioxide, and the retreat of the ice. the chief scientist shows me around. >> what we're looking at here is our main tower where we take our samples and pump them from this tower into the station for analysis. >> i want to take a look inside in a second, but just before we go in out of the cold, what kind of hazards do you face up here? >> we've seen polar bears out here and had to leave because it's better to let the polar bears be, let them take their course on through and come back later. >> you've got to keep a close watch every time? >> yes. >> let's get inside. so then this is where the air samples are pumped into? >> this is the main room where the analysis happens. the first thing that happens is the sample comes in from outside and goes through a chiller that takes all the water vapor
that connects us. bank of america-- committed to helping the nation's economic recovery. pacific life-- the power to help you succeed. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> lehrer: president obama road tested his new focus on jobs and the economy today. margaret warner begins our coverage of the tune i don't know aftermath. >> reporter: the president was greeted with applause by a friendly audience in tampa, florida. he and vice president joe biden unveiled $8 billion in grants for high speed rail, part of their new focus on jobs creation the president said again he understands what americans are going through. >> last night i've spoken about where we need to go and i've said these are difficult times, these challenging times for our country. in the la
that come from? i do not know. it is fun. it is just fun. race is the most important thing in america. it really is. what i get out of an audience in 15 minutes a psychiatrist cannot get out of them in 15 years. you'll sit and listen about sex, religion, you think things are taboo, and they will sit there and listen and will not open their mouths, do not respond. but you talk about race and will flip in five, 10 minutes. >> why is race a fertile ground to navigate? >> because america is caught up in it. we are a melting pot. there are so many different nationalities, so many different races, people of different colors, it is just fun. tavis: when people think that you are being in politics, paul is being kilobit and politic -- paul is being a little bit incorrect, what you say? >> i am a comedian. people are like saints. we make people's lives better. it is true, without us, you guys would be miserable. especially in the political arena now. our economy, the way the world is, we need comedians. tavis: where does paul mooney find funny? >> in life. the funny it is in life. it is in thi
in america and around the globe. coming up, and thereby a group of musicians. and baby making day in south korea, government workers sent home early to increase the birth rate. >>> one year after barack obama took office, the u.s. president and his party have managed to lose a seat in the senate. the republicans now have enough votes to block health care reform as just a start. at the white house insists the president will step -- the white house insists that the president will stick to his goals. >> the next united states senator! >> it is perhaps the political upset of the new century, a republican elected to the u.s. senate in massachusetts for the first time in 38 years. he and scott brown. >> i saw a handmade sign that i put there myself. >> exactly one year after president obama took office. there are 100 seats in the senate, 100 votes. the democrats now control 60 of those, giving them a majority so powerful that could pass legislation they want. but when scott brown arrives, the republicans take control of 41 seats. that is enough to block legislation. president obama's huge plan f
. >> destruction at a haitian orphanage. welcome to "bbc world news," brought to you by pbs in america and elsewhere around the world. i am mike embly. it has gone well past a joke. why italian chefs cannot stand the way we make something. hello to you. helicopters had landed u.s. marines in combat gear. there is a commanding presence at the presidential palace, which was destroyed. they have started air drops, and in the absence of any functioning government, thousands of extra peacekeepers are being sent, but with 3 million people needing eight, still not enough of it is getting through, -- 3 million people needing aid. new pictures of the moment the earthquake struck are emerging. a missionary was filming at an orphanage. then, it becomes a scene that must have been repeated several times across haiti -- many times across haiti. but here at least, all of the children and the staff survived, though the center itself was heavily damaged. to port-au-prince and our correspond with the latest on the aid for and the plight of the haitian people -- and our correspondent with the latest. >>
to survivors, but slowly. >> nobody is helping. they are trying to fend for themselves. >> america's efforts start to kick in. troops and helicopters arrive in port-au-prince. >> i want the people to know we will do what it takes to save lives and to help them get back on their feet. >> amid the wreckage and chaos, survivors are still being found. this boy was pulled from the rubble. welcome to "bbc world news." coming up later for you -- back at work and back on trial. the latest hearing in the corruption case against silvio berlusconi. getting his wings. prince william's picks up his award from the royal air force. hello to you. the scale of what has been promised to help the people of haiti is impressive. from 30 countries, hundreds of millions of dollars. from the u.s., of around 10,000 troops. 72 hours after the earthquake, what has reached people is desperately limited compared to the need. a few people are being pulled alive from the rubble. others are without sleep, light, communications, and are reduced to begging and fighting for food and water. >> good evening from port-au- prince
to find out how america got rolled, began hearings this week. these four are not the victims of one of the greatest bank heists in history; they're the perpetrators, bankers so sleek and crafty, they got off with the loot in broad daylight, and then sweet-talked the government into taxing us to pay it back. watching that scene on the opening day of the hearings, it was hard enough to believe that almost a year has passed since barack obama raised his hand, too, taking the oath of office to become our 44th president. even harder to remember what america looked like before obama, because we've also been robbed of memory, assaulted by what the nobel laureate czeslaw milosz described as a "fantastic proliferation of mass media." we live in a time "characterized by a refusal to remember." inconvenient facts simply disappear down the memory hole, as in george orwell's novel, "1984." president obama's made plenty of mistakes during his first year, and we've critiqued them frequently here on the journal, but hardly anyone talks anymore about what happened in the years before obama. he inher
battle for america 2008: the story of an extraordinary election," joan biskupic, the author of "american original," a biography of the supreme court justice antonin scalia, david sanger, author of "the inheritance," a look at the challenges of our foreign policy. >> celebrating 40 years of journalistic excellence, from our nation's capital, this is "washington week" with gwen ifill. produced in association with "national journal." corporate funding for "washington week" is provided by -- >> we know why we're here. to design the future of flight inside and out. >> to build tomorrow's technology in amazing ways. >> and reshape the science of aerospace forever. >> around the globe, the people of boeing are working together for the dreams of generations to come. >> that's why we're here. >> the johns hopkins global m.b.a., integrating expertise with international understanding to develop leaders for a better world. the johns hopkins carey business school, where business is taught with humanity in mind. >> funding is also provided by the annenberg foundation, the corporation for public broadc
you will not be foresaken, you will not be forgotten. in this, your greatest need, america stands with you. gwen: a terrible earthquake. >> this is a major catastrophe for haiti. gwen: a devastating death toll. >> we need more people down here! gwen: uncertainty everywhere. >> the most urgent thing we can do now is get them through the next week to 10 days. we have to find the living and the dead and we have to take care of both. gwen: can haiti, plagued by decades of deprivation, survive? in washington, the president talks tough to bankers paying themselves big bonuses. >> we want our money back and we're going to get it. gwen: but will taxpayers still pay in the end? and in massachusetts, a potential political upset that could undo ted kennedy's legacy. covering the week, helene cooper of "the new york times," doyle mcmanus of "the los angeles times," deborah solomon of "the wall street journal," and dan balz of "the washington post." plus, a special report from abc's martha raddatz on the ground in haiti. >> celebrating 40 years of journalistic excellence. live from our nation'
. america's all about free markets. what's wrong with that? that is a basic american value." >> the marketplace of ideas doesn't give any one, any corporation or any individual the constitutional right to buy an election. i mean, the first amendment is an important part of our constitution, but so is the idea that this is a democracy. this is... no matter this is a society based on the idea of one person, one vote. and our elections should not be marketplaces. they should be about voters. they should be about helping the electorate make an informed decision. and the electorate is not going to be able to make an informed decision if all they can see on the air, if all they can, you know, hear on the radio are, you know, attack ads funded by hidden corporate agendas. >> i would say that it's... we're a society of freedom and markets. and political freedom is so important. political freedom means the freedom to speak and say what you as an individual citizen believe, the freedom to vote. and it means having some power in your society. and then we have this extraordinary system
everybody. god bless the united states of america. thank you, everybody. (applause) >> woodruff: now, more on the president's appearance before house republicans-- someone who was there for it all, texas representative jeb hensarling. congressman hensarling, thanks for being with us and for standing out in the cold. what did you take away from this unusual session? >> well, you're right, judy, it was an unusual session. listen, the president deserves great credit for accepting our invitation. i'm glad that he did it. i'm hoping something good will come out of it. we've never seen any kind of outreach from speaker pelosi to attempt to work on a bipartisan basis. i hope we see one out of the president. there are some areas maybe we can work on. but i got to tell you, the american people want accountability in government. and regardless of whether you are a republican or democrat today i think was at least a chapter in accountability. i mean things like the louisiana purchase and the cornhusker kickback, people want to see some accountability. they saw it today. >> woodruff: you asked him a q
, the pundits said, people have spoken-- 100,000 of them, at least-- and america is red again.ñr listen to the right's partisan boom box: >> republicans are starting to go where no republicans have gone before-- places, strange places, for republicans-- like new jersey, and possibly now massachusetts. >> tonight everything-- yes, everything-- is turned upside down. the political impossible has happened. >> this was a center-right country, even in massachusetts, repudiating a left agenda. this is not rocket science. >> moyers: but let's get another take on the news from two avowed progressives known for their candor and clarity. melissa harris-lacewell is an associate professor of politics and african american studies at princeton university. her commentary and analysis have appeared in publications across the country. she's at work on a new book titled, "sister citizen: a text for colored girls who've considered politics when being strong wasn't enough." eric alterman is distinguished professor of english and journalism at brooklyn college, and a professor of journalism at the city univ
hit $36 billion, up almost 10% from october. >> susie: america's factories get a bad rap. many people think manufacturing is an industry with no growth and no jobs. but there's lots of optimism at one metal parts factory in new jersey. erika miller went there to find out why, and discovered that this one company may be part of bigger trend. >> we've seen a pick up in demand since about the middle of 2009 across all sectors. and it actually happened very quickly. >> reporter: jim mcclintock is the president of micro stamping, a company that cuts metal parts used in cars, medical instruments, computers, and airplanes. the company is located in this unassuming building in suburban new jersey. but don't let that fool you. its perspective is big. is it fair to say that although you're a new jersey-based manufacturer, you have your pulse on the global economy? >> we do have our pulse on the global economy, and it's absolutely imperative. today's manufacturing environment, it's so easy to transact business around the world fluidly. >> reporter: the company is reporting a steady increase of n
of a unique pilot program in chicago called keep our homes. it's a partnership between bank of america and four community groups on the city's southwest side. the bank provides the names of customers who are more than 60 days delinquent on their mortgages. the groups and their volunteers then work with those customers to get their loans modified. since november, bank of america has released the names of more than 500 customers in this predominantly hispanic community. the bank says language barriers often make it hard for it to communicate with these borrowers, so volunteers like silvia cisneros are a big help. >> some of them are happy to see us, that we are from their church, their parish; that we are not there to sell anything or get them into trouble, but just to tell them where they can go for help. >> reporter: counselors at the four agencies work aggressively with homeowners to gather all of the necessary paperwork for refinancing. >> can i get some additional information from you? >> reporter: follow-up calls to track down missing documents are common. donna stites heads up one
for the pbs newshour is provided by: bank of america >> what has made grant thornton a truly global accounting organization, with access to resources in more than 100 countries? is it their global capabilities, or is it their passion for how they serve their clients? grant thornton >> this is the engine that connects abundant grain from the american heartland to haran's best selling whole wheat, while keeping 60 billion pounds of carbon out of the atmosphere every year. bnsf, the engine that connects us. chevron. this is the power of human energy. and by toyota. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: the spotlight on the deficit came as the congressional budget office warned rising federal debt could strangle the economy. >> woodruff: the flurry of interest and c
to help you succeed. >> every business day, bank of america lends three billion dollars to individuals, institutions, schools, organizations and businesses. in every corner of the economy. america-- growing stronger every day. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: more troops and more aid reached haiti today, but many remained desperate, as distribution problems and fears of violence continued. we begin our coverage with two on-the-ground reports from independent television news. first, bill neely on the race to save lives. >> reporter: the ruins of haiti, the signs aren't good. it's day 6. the diggers tear at the rubble making survival beneath unlikely. the scavengers at the banks search for money not the living. one man looks on. roger still believes h
's from bank of america. and on the back it says 0% intro apr. >> yes, but there is an asterisk or whatever that mark, so i have to now read that footnote. i will have to remove my glasses to read it. it says, "for this, see disclosure summary insert for details." now i have to find a disclosure summary, which is the one here. so, on the outside, it says 0% intro apr; in here, it says that my apr is 11.9%, 15.9%, or 19.9%, right, and "the apr you receive is determined based on your credit worthiness," so i have no idea which one i am going to get when they approve me. >> bergman: so, disclosure, you say, doesn't work? >> i mean, look at how much time it takes for both of us to go through this. >> bergman: yeah, exactly. >> i think that your average consumer is not going to be able to translate what the real pricing is. >> bergman: now, you put out statements like this from providian. >> we did. we did, absolutely. >> bergman: well, the criticism is that it's exploiting the customer, the fact that they don't really understand what's going to happen. >> in a way, i will say yes. i
. freedman complete lift thank god next day he jumped on him. >> rose: what do you think of america and our future? >> america is down not out. >> rose: but that's not good. >> i know, but you're down now. >> rose: down in what way? >> there was a book written about the islamic world "what went wrong". i think right now you could write a book about the united states "what went wrong" politically, economically, financially, you know, the crisis that you're in right now. you're a mess. new a mess in the united states. i have to be honest with you. i love the united states. i admire the united states. >> rose: and you're heavily invested here. >> yeah, sure. the united states is the leader of the world. it's going to be the leader of the world for many years to come. forget china's going to come out. but you're down. i mean... >> rose: "down" means what? >> i tell you. when you have a country has $14 trillion of cumulative debt and its g.d.p. around $14 billion and both competing who's going to grow faster, that's not good. >> rose: debt or g.d.p. >> yes! and when you have these budget deficit
wright controversy two years ago he was able to change his tone with the race in america speech. last september he gave a speech to the joint session of congress essentially trying to reexplain the case for his health insurance program. i think that given how bad the publicity has been for him in the last two or three weeks and the results of the massachusetts elections he needed to change his presentation of misadministration. i think he was effective in doing that. >> i think, i agree with jim, charlie. i think that the president also needed to explain what he was planning to do. because he now is in a very different position from the one he was in prior to massachusetts. and i think he did a pretty good job of telling us that. i think he gave us two really important pieces of information. one is, he's not giving up on healthcare reform. and the second is something that we hadn't seen him really doing very aggressively prior to the massachusetts vote which is he is going to hold the republican feet to the fire. and if they try to be the party of no as he said tonight, he is really g
viewers in the u.k. and america. a week before sri lankan's presidential election, we will have access to the tamil tiger heartland. italy plans a crackdown on the children who just don't leave home. hello to you. as haiti's official death toll reaches 75,000, that is the number so far counted in mass graves. there have been two more aftershocks. almost half a million people are homeless. the main port has finally, partially reopened. still, nine days after the strongest earthquake in two centuries, help is not reaching all those who need it. our correspondent is in port-au- prince. >> coming ashore today, vital equipment to help operate the port. a difficult maneuver on a makeshift raft. u.s. commanders say the port can start receiving the aid that it so arguably needed. >> we're preparing the port to receive all the cargo when it comes, to hand it over to the folks who will distribute it, and we are ready as of today to begin receiving some cargo. there's a lot of work that needs to be done by a lot of people come agencies, and other units. >> how much work is very clear. the seaport
the rumors about his health. welcome to bbc world news broadcast to our viewers on pbs in america and around the globe. coming up later, a return to innocence. thousands of nepal's child soldiers released to try to find new lives. and defying the big freeze. the northern hemisphere still locked in a very chilly embrace. >> hello to al qaeda are now claiming that it was their age and who killed seven cia agents last week in afghanistan. he was a jordanian intelligence of a stir when he blew himself up inside a military base. our middle east correspondent has been exploring the jordanian connection. here is the exclusive report. >> driving to meet al qaeda in the southern suburbs. to speak to a jihadist fighter who claims to recruit jordanians for al qaeda's cause. a jordanian militant is suspected of killing cia agents in afghanistan this week. this meant praise for him was predictable. >> lots of people here would like to do something like that. he was a martyr. i would love to do what he did. american policy in the middle east is to blame. >> the presumed ballmer worked as a doctor in this
viewers on pbs in america, also around the globe. my name is mike embley. coming up later for you -- finland declares war on the cigarette industry. >> it makes me very angry. it is like some kind of race. >> and a dog's life for real. how the breeding of some pedigreed dogs is putting the animal's health at risk. hello to you. amid the devastation, the desperation, an international armada of aid is on its way to haiti. but it is not there yet. said the bodies are still piled up. most of those buried alive for still in the wreckage left by one of the worst caribbean earthquakes in two centuries. this would be a challenge for any government, but for a state as impoverished as haiti, this is proving overwhelming. matthew price is in the haitian capital of port-au-prince. >> the sad truth is that things are getting worse, not better. he may make out this makeshift camp 40 internally displaced people here. we assume there are people displaced across the country as people are left homeless and try to find shelter to see themselves through the crisis. help is on the way. we've seen many
on pbs in america, elsewhere run the world. my name is mike. where is money for afghan going? hello to you. security has been tightened for thousands of passengers flying to the united states. from more than one dozen countries. the christmas-day at 10 by a nigerian man has had far reaching consequences -- the christmas day attempt. countries including at the sudan and yemen and pakistan now face fall by the scans and pat downs. >> president obama has returned from holiday to face a wave of issues. >> we are conducting an internal review. the president has called for a whlole of government review, based on what we know now. >> this is the scene at one of the busiest airports. there was one man who went into a secure area. thousands of passengers had to go through security all over again. flights were grounded. the man was not fast. >> so we can all go back through. as you can see, it is an absolute chaos. >> be more security, as far as i am concerned, the better -- the more security. >> they patted me down, and they literally did it a full body, -- did a full body, legs and everythi
miles of ocean between us, haitians are our neighbors in the americas and here at home. we have to be there for them in their hour of need. >> this was the worst earthquake to hit this nation into hundred years, and it is a country that has suffered in its history. four major tropical storms in 2008, civil strife and political turmoil have helped to make it the poorest country in the western hemisphere. it is hard to get a clear picture of the casualty is. much of the country is cut off. it needs help now. at the price, bbc news. >> as matthews said, the un headquarters is among those piles of rubble. the emergency relief coordinator is in our new york studio. give us a picture as you understand it what is happening in haiti? >> it is a very dramatic situation. the devastation is extremely large. we don't have any figures for casualties, but we assume they will be considerable. one of the big problems is the health and infrastructure has been overwhelmed by the number of injured. this is posing a enormous problems. the biggest lead we have is to coordinate and accelerate search
in afghanistan. welcome to "bbc world ms." broadcast to our viewers on pbs in america and around the world. coming up later, iceland's credit rating is downgraded yet further after the president orders a referendum on whether to repay international debt. and some net to nexus, google unveils its own gadget to challenge apple's iphone. hello. straight back from his vacation in hawaii, president obama is right now holding a meeting with his top security and intelligence officials at the white house. on the agenda, the failures and lessons learned from the christmas day airline bomb plot over detroit. the first face-to-face meeting for the president with his advisers since the suspect allegedly tried to bring down the plane with an explosive device. with the international spotlight once again on yemen, the white house says no more guantanamo detainees will be returned to the country. 91 of the 198 people still held at guantanamo are believed to be from yemen. let's go live now to the grand foyer of the white house where mr. obama is expected to speak at any moment now. the president of sun an
say we extended grays and they are not extending greece to anyone else. it turns out bank of america has so much money in bonuses it could have absolves the crisis for 2 million people, but they gave 100 loans. we fired bank of america. it is now a mini movement to move your money. the banks say they are too big to fail. i say make them smaller. in wall street there is a morality play going on. i think it is a cultural thing. greed is good. it is all about me, and i want it now. those messages destroyed economies but also cultures and our souls. i counter that with enough is enough. we are in this together. we evaluate decisions today. that would change things. >> i see greed is a good concept on wall street. what role do we play in rediscovering? >> my depression-era parents would not have spent money they did not have, and wells may not trickle-down, but bad values do. we have got to look at wall street, too. also, at ourselves, look in the mirror. crisis gives such it -- gives us a chance to reset. all of the pain and suffering in detroit is going to be in vain if we go back to bu
was surprisingly candid when i interviewed her today. she started off by describing the financial health of america's banks. >> the banks are raising an inordinate amount of capital throughout 2008 and 2009. so they're better positioned. some of the small banks won't make it and some of the larger banks will continue to have to sell assets to support themselves. >> gharib: a lot of the big banks have paid back the money in the bailout money. is it fair to say that they're healthy again? >> i would say they're healthier because of the government intervention and the change in accounting rules. but home prices are worth a lot less than banks are carrying them on their balance sheets. and real estate is worth a lot less in the actual markets than the banks are carrying on the balance sheet. you can't say this one is healthy, this one is not healthy. >> gharib: so when the banks start reporting their quarterly results where are the revenues coming from? >> that's a very good question because the banks make money out of the loan books and the loan books have been declining because they haven't been lend
of race. tavis: in the most multi can -- multi-cultural, multi-ethnic america ever, this is not about race. what is the challenge for great leaders, for creative thinkers? for those people that, down the road and, we will call heroes? >> you look at the diversity of a town like new orleans. whether it was 100 years ago when louis armstrong grow up, taken in by the jewish family, of playing the music of gospel, plantations, creoles, marching bands and everything else, that makes the spanish, french, creole, american, black and white, it created great food and great music. that is the sound of our creativity. you look at that notion of celebrating that -- benjamin franklin did, during his lifetime he donated to the building fund of each and every church in philadelphia. at one point he said even if constantinople came here to teach us about islam, we should offer them a place that we might learn. he was the largest contributor to the synagogue in philadelphia when he was on his deathbed. it is that a multi-ethnic society that america has given the world. it is what we are fighting for today.
the past few years. associated general contractors of america chief economist ken simonson says even if there is some help from federal stimulus money, big commercial projects will likely still be on hold. >> the folks who've been doing building construction: schools, hotels, offices, stores. they're still going to have a hard time in 2010. >> reporter: construction workers often move from one part of the country to another to find jobs, but with commercial and residential building down, all over the country, workers have few alternatives other than hoping something will change. >> we need it, cause we need a job. we need to feed the family. >> reporter: jamila trindle, "nightly business report," arlington, virginia. >> paul: now let's look at the stocks in the news tonight. >> paul: and those are the stocks in the news. >> tom: paul, i'll be watching the calendar and whether or not the january effect comes in to play. the january effect is the tendency for stocks to rise in the first month of the year. but it hasn't held true in the past two januarys. in 2009, the s&p 500 dropped mo
, america is taking over, viv va america. that shows pretty much, they want america to come in and you mentioned the coordination, it is still unclosure to me who is completely running the show. those first couple of days were absolutely chaos. >> the haitian government is meeting outdoors. >> right. and i don't know where the haitian government has been in all of this, which is one of the reasons that the haitians were excited to see the americans. >> realizing how chaotic and the vast scale, how do you evaluate how effectively the -- the u.s. frses and other forces who are there are doing at stribting aid and at doing whatever they can to make the situation better. >> john, it is such a complicated process. it is heartbreaking in that sense because you -- you want people to just rush in this and get that aid out. in many ways you can't do that. people ask me a lot, why don't they drop food in the city. they're doing air drops outside the city, with parachutes and food outside the city. but in the city, you just can't do it. you'll kill people. i saw one day, it is the single helicopt
. bankers oppose that, though bank of america's new c.e.o. brian moynihan said his company was grateful for government assistance. he and the other bank c.e.o.s stopped short of the apology the president's press secretary asked for. >> over the course of the crisis, we as an industry caused a lot of damage. never has it been clearer how poor business judgement we have made have affected main street. >> reporter: commissioners probed the bankers on where their risk management strategies went wrong and how so many bad mortgages could possibly get made. but the answers they got blamed global credit conditions or to something like a failure to connect the dots. as j.p. morgan chase c.e.o. jamie dimon put it, the financial hot spots were well known. >> a lot of the things we all talked about, mortgages, sivs, derivatives. they were all known. they were not a secret out there. no one put it all together. the financial commission will be trying to put it all together. it showed today it wants banks to produce documents showing how they managed risk, created bad mortgages, and bet against some
about on the banking side, jpmorgan, bank of america, wellso, which of those banks stands to gain or lose? >> well, i think that if you take jpmorgan, the price of that stock is where it was 12, 13 years ago. it was selling at this price in 1997. it selling at this price because the structure of this company is wrong. it is too much consumer finance in if. and therefore if you eliminate that, and you take and sell, if you will,;jje of jpmorgan to investors, that will be worth a lot more than what jp morgan is today. if you take merrill lynch out of bank of america, merrill lynch is likely to sell for more than all of bank of america currently sells for at the present time. >> all right, very interesting way of looking at this situation. dick, thanks so much for coming on the program. >> thank you, sus yee. >> my guest tonight dick bove, financials analyst at rockdale securities. >> tom: here are the stories in tonight's "n.b.r newswheel". as we mentioned, stocks headed sharply lower on the president's proposal to reign in big banks. the dow dropped 213 points, the nasdaq lost 25,
will not be forsaken, you will not be forgotten. in this your hour of greatest need, america stands with you, the world stands with you. >> charlie: we begin this evening with a conversation with anderson cooper of cnn. he has been in haiti and he's an eye witness to what's going on today. there's really not a perfect question anderson. you want to be our eyes and ears to what you are seeing. >> there are large speaker trucks that are going around kind of radio stations have emthis, people have them here. it's going around with kind of inspirational words to people and just trying to reconnect families. people are missing, they can go to these people in these trucks. that's some of the noise you're hearing. also trying to dispel rumors which are now rampant in the city. last night around midnight or 11:00 there was a rumor right outside the place i'm staying that a tsunami was coming and we had literally hundreds if not thousands of people screaming and running through the streets afraid a tsunami and it was a scam to get people to drop their possessions and run away so people could take their posses
to you then." >> reporter: across the road, at the airport, america's military might is on display, what president obama has called the biggest aid efforts ever. but who's in charge of prioritizing who needs what? the u.n. says it is in charge of distributing relief, while the americans say the haitian government is taking the lead. >> i've heard some people say it was like chaos, and it is, but the thing is the more effort that the international community provides, the better off the haitian people will be. >> reporter: i understand the chaos, but what i don't understand is why the aid can't get from here to the other side of the road. >> right, i can't really hone in on one specific instance of why that location is not receiving the medicine, as you would say, fast enough. the priorities are all prioritized by the haitian government. i want to underscore that. >> reporter: back at the emergency medical center, u.n. troops were trying to stop an angry crowd from storming inside. they showed the soldiers their wounds in the hope of gaining admission. "we're hungry and they give us nothin
of those was bank of america, an underwriter of the newshour. today the securities and exchange commission accused bank of america of failing to disclose huge losses at merrill lynch before buying it. the bank is already charged with hiding bonuses paid at merrill. still, the news of a possible bank tax was met with anger on wall street. where some saw it as a way to get at bonuses. jamie diamond, chairman of jp morgan chase told a washington conference on monday, quote, i'm getting tired of the constant vilification. this is not a casino. still, the issue won't go away. the federal deposit insurance corporation said today that it may impose higher premiums on banks to discourage risky lending and investments. the question of whether to tax banks may not be limited simply the question of whether to tax banks may not be limited simply to costs associated with the so- called tarp program. all told, the federal reserve and the government committed several trillion dollars to the financial system at the height of the crisis. so what, if anything, should be done about the banks? we get two view
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